Top Senate lawmakers four months ago called on FERC and the Commodity Futures Trading Commission (CFTC) to execute a memorandum of understanding (MOU) to coordinate their actions in monitoring natural gas and electricity market trading. But the agencies apparently have failed to iron out their disagreements, mostly over jurisdiction.
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New Jersey Natural Gas Preparing for Next Superstorm
Officials with New Jersey Natural Gas (NJNG), which was the hardest hit of all the natural gas utilities on the East Coast when Superstorm Sandy struck last October, have submitted a plan to the New Jersey Board of Public Utilities (BPU) that is designed to give the distribution infrastructure and its customers greater protection from the next super storm.
IHS: Shale Production Boosting U.S. Household Income, Economy, Trade
Domestic unconventional natural gas and oil production is increasing household incomes, boosting trade and contributing to an increase in U.S. competitiveness in the world economy, IHS Inc. said Wednesday.
Ohio Injection Wells Linked to Nearly 100 Small Quakes
Nearly 100 small earthquakes that hit northeast Ohio throughout 2011 and into early 2012 were triggered by a now-shuttered wastewater disposal well in Youngstown, according to a Columbia University researcher.
North American Natural Gas Markets Dictated by Marcellus
The United States may be able to “considerably” increase its natural gas demand, and gas exports from North American offer compelling market opportunities, but the Marcellus Shale will dictate the direction in any scenario, according to the Canadian Energy Research Institute (CERI).
Most Points Register Healthy Weekly Gains
For the week ended Sept. 6 the national physical gas average price was $3.65, up 11 cents. Most market points — with the exception of a handful of spots in the Northeast, Midwest, and Midcontinent — added a dime or more.
Natural Gas Boom in Michigan? Possibly, With Caveats
University of Michigan (U-M) researchers last week issued seven technical reports that together form what may be the most comprehensive state-focused resource on drilling, and in particular, unconventional drilling using hydraulic fracturing (fracking).
Mild Summer Temps Masking Bullish Gas Market Signals
Mild summer temperatures have masked bullish signals for the U.S. natural gas market, with industrial demand aggressively growing and net imports dropping more steeply than expected, according to Barclays Capital. However, onshore natural gas production still is on the upswing and likely will dictate prices.
EIA: Regional Factors Differ for Storage Capacity Utilization Levels
With the 2013 natural gas storage refill season still humming along with weekly injections that are higher than historical comparisons, it is important to remember that storage levels and available capacity for working natural gas, or natural gas that is used for withdrawal, respond to a different set of factors in each region, according to the Energy Information Administration (EIA).
Who Owns ‘American Energy?’ Courts to Decide
American Energy Partners LP, the oil and natural gas venture helmed by Aubrey McClendon, is in a legal battle with an Ohio-based coal miner over the use of the name “American Energy.”